Axita Cotton Ltd
Established in 2013 Axita Cotton (ACL, The
Company) is a manufacturer and exporter of
international quality Cotton Bales & Cotton Yarn. [1]
- Market Cap ₹ 609 Cr.
- Current Price ₹ 23.4
- High / Low ₹ 62.2 / 18.5
- Stock P/E 30.0
- Book Value ₹ 2.48
- Dividend Yield 0.32 %
- ROCE 37.9 %
- ROE 34.8 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 113% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
Cons
- Stock is trading at 9.43 times its book value
- Promoter holding has decreased over last quarter: -2.00%
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 123 | 213 | 484 | 619 | 818 | 553 | 1,102 | |
| 120 | 210 | 481 | 610 | 808 | 533 | 1,075 | |
| Operating Profit | 3 | 3 | 4 | 9 | 10 | 19 | 27 |
| OPM % | 2% | 1% | 1% | 1% | 1% | 3% | 2% |
| 1 | 0 | 0 | 0 | 13 | 5 | 2 | |
| Interest | 2 | 2 | 3 | 3 | 2 | 0 | 1 |
| Depreciation | 0 | 1 | 1 | 0 | 0 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 5 | 20 | 23 | 27 |
| Tax % | -4% | 32% | 35% | 31% | 24% | 26% | 25% |
| 1 | 0 | 0 | 4 | 15 | 17 | 20 | |
| EPS in Rs | 0.12 | 0.02 | 0.01 | 0.14 | 0.59 | 0.65 | 0.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 64% | 0% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 21% |
| TTM: | 99% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 76% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 127% |
| 1 Year: | -62% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 40% |
| Last Year: | 35% |
Balance Sheet
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 7 | 13 | 13 | 20 | 20 | 26 |
| Reserves | 1 | 11 | 5 | 9 | 17 | 33 | 38 |
| 17 | 15 | 15 | 14 | 0 | 6 | 25 | |
| 2 | 5 | 32 | 71 | 72 | 22 | 8 | |
| Total Liabilities | 23 | 38 | 64 | 107 | 109 | 81 | 98 |
| 4 | 4 | 3 | 3 | 3 | 10 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 34 | 61 | 104 | 106 | 71 | 89 | |
| Total Assets | 23 | 38 | 64 | 107 | 109 | 81 | 98 |
Cash Flows
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 1 | -11 | 6 | 4 | 9 | 7 | -13 | |
| -0 | -0 | -0 | -0 | -0 | -1 | 1 | |
| 0 | 11 | -3 | -2 | -16 | -2 | 10 | |
| Net Cash Flow | 0 | 0 | 2 | 1 | -6 | 5 | -2 |
Ratios
Figures in Rs. Crores
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 18 | 31 | 42 | 33 | 29 | 13 |
| Inventory Days | 20 | 18 | 4 | 6 | 2 | 5 | 7 |
| Days Payable | 1 | 6 | 21 | 34 | 32 | 10 | 1 |
| Cash Conversion Cycle | 50 | 30 | 14 | 14 | 3 | 24 | 18 |
| Working Capital Days | 46 | 48 | 19 | 13 | 13 | 26 | 25 |
| ROCE % | 9% | 11% | 26% | 61% | 49% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 7m
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Submission of Newspaper publication of extract of audited standalone financial result of the Company, for the quarter and year ended on March 31, 2024.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Submission of Disclosure of Press release in connection with the audited standalone financial result for the quarter and year ended on March 31, 2024.
- Disclosure Of Related Party Transaction For The Second Half Year Ended On March 31, 2024 2d
- Announcement under Regulation 30 (LODR)-Change in Management 2d
Annual reports
Concalls
-
Jan 2023TranscriptNotesPPT
Business Overview:{#
Company promoter started their journey in the year 2007 as a producer and exporter of cottonseed oil, under a partnership firm called 'Aditya Oil Industries.' {# https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac3d5978-c93d-489b-9750-16f33116c0c3.pdf #}
In 2013, Company was incorporated. Company's main business is Ginning and Pressing of Seed Cotton (Kapas) on job work basis and production of cotton bales and cotton seeds. It also trades Kapas, cotton bales and cotton seeds.[1]